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HIP/Remarketing advice please!
nodebt_2
Posts: 38 Forumite
Hi, have decided to change EAs for number of reasons. HIP done end Aug 09. 3 EAs coming today, 2 been so far. One suggested leaving current estate agent, then having a month gap before coming back on market - so that we appear 'fresh'. I'm worried if we have a gap our HIP will need to be done again? EA said it didn't but am quickly learning not to believe all I'm told by EAs! Anyone know what the rules are?
Also what do people think about having a gap in between - I can see EAs point in as much as when someone looks at how long we've been on market it won't show from Sept (by the way the reason it's been around so long is it was SSTC in Oct 09, fell through early Jan 10). Have also changed colour scheme in rooms and moved things around so that it won't look exactly the same - I think this will help remarket it and house should appear 'fresh' hopefully.
Both EAs have suggested dropping asking price, one by £10k, with an achieveable sale at between £5k-£10k less than that. The other says ask £25k - £30k less and sale for maybe £3k less than that. Their reasoning for the drop in price - it's a buyers market, price it low more chance of sale, etc. (I thought things were going up!). Finding it really hard to work out realistic price. The fallen through sale price was £20k off our original asking price. Never wanted to be greedy with price, always looking for fair price for size of property, area, etc.
Thoughts as always greatly appreciated.:)
Also what do people think about having a gap in between - I can see EAs point in as much as when someone looks at how long we've been on market it won't show from Sept (by the way the reason it's been around so long is it was SSTC in Oct 09, fell through early Jan 10). Have also changed colour scheme in rooms and moved things around so that it won't look exactly the same - I think this will help remarket it and house should appear 'fresh' hopefully.
Both EAs have suggested dropping asking price, one by £10k, with an achieveable sale at between £5k-£10k less than that. The other says ask £25k - £30k less and sale for maybe £3k less than that. Their reasoning for the drop in price - it's a buyers market, price it low more chance of sale, etc. (I thought things were going up!). Finding it really hard to work out realistic price. The fallen through sale price was £20k off our original asking price. Never wanted to be greedy with price, always looking for fair price for size of property, area, etc.
Thoughts as always greatly appreciated.:)
What you lose on the swings you gain on the roundabouts :j
0
Comments
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You have one year from the date the HIP was completed to be able to go back onto the market and not have to have a new HIP.
As long as there is no break in marketing that you will not need to have a new HIP.
Sorry.....ETA, just re-read your initial post, as long as you relist the property before August 2010 you can use the same HIP.My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0 -
Spot on.......0
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